Saturday, January 29, 2011

Daily News Digest: Front Page News

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Saturday, January 29, 2011 12:00 AM PST
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Today's Front Page News:
As unrest sweeps Egypt, president refuses to quit
Fri, 28 Jan 2011 11:03 pm PST
AP - In his first response to the unrest sweeping his nation, Egypt's president fired his Cabinet Saturday and promised reforms but refused to step down, setting the stage for perhaps even heavier street battles with protesters calling for an end to his nearly 30 years in power. Full Story
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Trade ministers try for new impetus toward Doha
Fri, 28 Jan 2011 11:03 pm PST
AP - More than two dozen senior officials from key economies will try Saturday to agree on whether to send a political signal that a new global trade deal can, at last, be completed this year. Full Story
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Obama tells Mubarak: Must take 'concrete steps'
Fri, 28 Jan 2011 11:19 pm PST
AP - Stepping up pressure on a stalwart but flawed Middle East ally, President Barack Obama said he personally told Egypt's Hosni Mubarak Friday night to take "concrete steps" to expand rights inside the Arab nation and refrain from violence against protesters flooding the streets of Cairo and other cities. The White House suggested U.S. aid could be at stake. Full Story
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Military lays out plan to implement gay ban repeal
Fri, 28 Jan 2011 08:34 pm PST
AP - Military training to apply the new law allowing gays to serve openly will begin in February and will move quickly, senior Pentagon leaders said Friday. Full Story
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NASA marks 25th anniversary of Challenger accident
Fri, 28 Jan 2011 11:03 pm PST
AP - Hundreds gathered at NASA's launch site Friday to mark the 25th anniversary of the Challenger disaster, receiving words of hope from the widow of the space shuttle's commander. Full Story
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Police: Wife of Army officer kills her 2 children
Fri, 28 Jan 2011 11:04 pm PST
AP - The wife of a military officer shot and killed her son on the way to soccer practice, then drove to their upscale home and shot her daughter in the head while she studied at her computer, police said Friday. Afterward, the woman told detectives she killed the teens for being "mouthy." Full Story
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Taco Bell takes its beef with lawsuit to public
Fri, 28 Jan 2011 08:02 pm PST
AP - Taco Bell says a legal beef over the meat in its tacos is bull. Full Story
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In future, cars might decide if driver is drunk
Fri, 28 Jan 2011 11:04 pm PST
AP - An alcohol-detection prototype that uses automatic sensors to instantly gauge a driver's fitness to be on the road has the potential to save thousands of lives, but could be as long as a decade away from everyday use in cars, federal officials and researchers said Friday. Full Story
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Source: Sheen 911 caller said actor 'intoxicated'
Fri, 28 Jan 2011 11:05 pm PST
AP - Charlie Sheen was back in rehab Friday and production of his hit CBS sitcom "Two and a Half Men" was on hold, one day after a 911 caller said the actor was intoxicated and in pain. Full Story
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Hurricanes G Ward goes No. 1 in NHL All-Star draft
Fri, 28 Jan 2011 11:18 pm PST
AP - Nicklas Lidstrom's first pick in the inaugural NHL All-Star fantasy draft was his only bad one — choosing the wrong side of a flipped puck with the No. 1 selection on the line. Full Story
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Egypt wakes to devastation as Mubarak refuses to quit
Fri, 28 Jan 2011 11:53 pm PST
Reuters - President Hosni Mubarak clung to power in Egypt on Saturday after days of popular protests against his 30-year-old rule in which at least 24 people were killed and more than 1,000 wounded. Full Story
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Obama: will not refight battle over healthcare law
Fri, 28 Jan 2011 10:41 am PST
Reuters - President Barack Obama said on Friday his healthcare overhaul is an important part of efforts to cut the budget deficit and insisted he will not "refight" the battle to pass the law. Full Story
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WikiLeaks founder says enjoys making banks squirm
Fri, 28 Jan 2011 04:11 pm PST
Reuters - WikiLeaks founder Julian Assange says he enjoys making banks squirm thinking they might be the next targets of his website which has published U.S. diplomatic and military secrets. Full Story
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Consumer spending, trade buoy U.S. economy in Q4
Fri, 28 Jan 2011 12:34 pm PST
Reuters - The U.S. economy gathered speed in the fourth quarter to regain its pre-recession peak with a big gain in consumer spending and strong exports, removing doubts about the recovery's sustainability. Full Story
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China rating agency blames U.S. for "credit war"
Fri, 28 Jan 2011 12:09 pm PST
Reuters - The ultra-loose monetary policy of the United States is setting the stage for "a world credit war," a Chinese rating agency said on Friday, in the latest warning against soaring debt burdens in developed economies. Full Story
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Higher costs sink Ford profit, shares slide
Fri, 28 Jan 2011 02:05 pm PST
Reuters - Ford Motor Co's earnings fell far short of expectations on surging costs for new vehicle launches and an unexpected loss in its European business, driving its shares down more than 13 percent. Full Story
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BofA banker bonuses likely down, cash portion up
Fri, 28 Jan 2011 02:17 pm PST
Reuters - Senior investment banking executives at Bank of America Corp will likely see as much as 80 percent of their 2010 bonuses in stock, but the cash portion will be higher than what was paid out last year, said a source familiar with the company's pay plans. Full Story
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Companies pull hard in pricing tug-of-war
Fri, 28 Jan 2011 01:25 pm PST
Reuters - Fretful central bankers and hard-pressed consumers hoping companies will swallow rising input costs look set to be disappointed as evidence grows that prices will increase in coming months. Full Story
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Mubarak defiant as Egypt toll rises, Obama wades in
Fri, 28 Jan 2011 09:49 pm PST
AFP - Egypt's embattled President Hosni Mubarak on Saturday addressed the nation for the first time since deadly protests erupted against his regime, vowing reform but showing no sign of relaxing his decades-old grip on power. Full Story
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Haiti to release election results Wednesday
Fri, 28 Jan 2011 09:58 pm PST
AFP - Haiti's election commission said it would announce definitive results from the first round of a disputed November vote on February 2, and set a second round for March 20. Full Story
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